The EU Parliament’s committee on economic and monetary affairs voted on Monday to move forward with a legislative framework for regulating digital assets. In the process, it decided to drop a proposed rule in the framework that would have prohibited people in the EU from using an energy-hungry process — known as Proof of Work (PoW) mining — to generate cryptocurrencies, which would have effectively banned both Bitcoin and Ether. Crypto is safe for now, but the EU’s regulatory intentions are clear.
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